Lakeport Brewing partners with Pizza Pizza(R) to bring drinkers 'free wings'

    -   Voucher for free Pizza Pizza(R) Wings inside specially marked
        24 bottle packs of Lakeport Pilsener, Lakeport Light and Lakeport
        Honey Lager.

    HAMILTON, ON, March 27 /CNW/ - Lakeport Brewing Income Fund (TSX: TFR.UN)
today announced that it has partnered with Pizza Pizza(R) in a joint
promotional venture. For a limited time, specially marked 24 bottle packs of
Lakeport Pilsener, Lakeport Light and Lakeport Honey Lager will contain a
voucher for free Pizza Pizza(R) Wings.
    "Partnering with Pizza Pizza(R) allows Lakeport to deliver even more
value to Ontario beer drinkers," said George Croft, Lakeport's President and
Chief Operating Officer. "You get great tasting Lakeport beer for 10 bucks
less than regular beer and now you also get a voucher for free Pizza Pizza(R)
Wings - wings and beer are tough to beat!!" added Croft.
    "In the forty years we've been serving Canadians, we've learned that
customers want choices to suit their many moods - from eating well on the go
to lounging with friends over a beer and fresh pizza," said Pat Finelli, Chief
Marketing Officer of Pizza Pizza(R). "Chicken is something our customers have
asked for, and it's clear to us they like our offerings!" added Finelli.

    About Lakeport Brewing

    Lakeport Brewing Income Fund is an Ontario-based brewery focused on
producing value-priced quality beer for the Ontario take-home market. Lakeport
produces nine proprietary beer brands, two of which, Lakeport Honey Lager and
Lakeport Pilsener, are two of the top ten selling brands in the province of
Ontario. Lakeport has more than 200 employees at its production facility in
Hamilton, Ontario. The Fund's units trade on the TSX under the symbol TFR.UN
(TFR stands for 'two-four').

    About Pizza Pizza(R)

    Founded in 1967, Pizza Pizza(R) has become one of Canada's leading quick
service restaurant operators, an accomplishment it has attained with most of
its restaurants in Ontario and Western Quebec. The company's success is due in
part to a strong brand, quality franchise partners, rigorous focus on quality,
fresh ingredients, customer service and community involvement. In July 2005,
the company launched a limited purpose, open-ended trust under the name Pizza
Pizza(R) Royalty Income Fund, which is listed on the Toronto Stock Exchange
under the symbol PZA.UN.

    Certain statements in this press release may constitute "forward-looking"
statements that involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of the
Fund to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When
used in this press release, such statements use such words as "may", "will",
"expect", "anticipate", "project", "believe", "plan", and other similar
terminology. The risks and uncertainties are detailed from time to time in
reports filed by the Fund with the securities regulatory authorities in all of
the provinces and territories of Canada to which recipients of this press
release are referred for additional information concerning the Fund, its
prospects and the risks and uncertainties relating to the Fund and its
prospects. New risk factors may arise from time to time and it is not possible
for management to predict all of those risk factors or the extent to which any
factor or combination of factors may cause actual results, performance and
achievements of the Fund to be materially different from those contained in
forward-looking statements. The forward-looking information contained in this
press release is current only as of the date of this press release. There
should not be an expectation that such information will in all circumstances
be updated, supplemented or revised whether as a result of new information,
changing circumstances, future events or otherwise.

For further information:

For further information: Teresa Cascioli, Chair and Chief Executive
Officer, Lakeport Brewing Income Fund,,; For further information on Pizza Pizza(R)
please visit the company's media room at or contact:
Rachelle Khalaf, (416) 341-9929 (Ext. 225),

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